Network Tokens

Finix allows you to easily tokenize cards with networks.

Key Benefits of Network Tokens:

• Increased Authorization Rates: Network tokens can potentially increase authorization rates, leading to more approved payments and higher revenue for your business.
• Lower Interchange Fees: Visa often charges lower interchange fees on transactions utilizing network tokens.
• Improved Customer Experience: By automatically updating payment details, network tokens remove the need for customers to manually refresh their card details, ensuring a seamless, hassle-free experience for both customers and merchants. Rather than waiting for the cardholder to activate a new card, you can continue accepting the card on file without interruption—thanks to network tokens.

There are two ways to enable Network Tokens:

1. Enabling Network Tokens for all Cards : You can choose to enable Network Tokens for all new cards.
2. Enabling Network Tokens at a Card Level : You can enable Network Tokens at an individual Payment Instrument level. This can be particularly useful if you just want a subset of your payment instruments to be enabled for Network Tokens.

Option 1: Enabling a Payment Instrument for Network Tokens

Finix Dashboard

To enable a Payment Instrument for Network Tokens:

1. Navigate to a Payment Instrument detail page
2. Find the Settings section
3. Click on the Edit Button and enable

Using the Finix API

You can use the Finix API to specify Payment Instruments to be enabled for Network Tokens. You can pass in network_token_enabled field. By default, we'll return false unless you specify at an Application level to enable Network Tokens.

curl  -X POST \
  -u USsRhsHYZGBPnQw8CByJyEQW:8a14c2f9-d94b-4c72-8f5c-a62908e5b30e \
  https://finix.sandbox-payments-api.com/payment_instruments \
  -H 'Accept: application/hal+json' \
  -H 'Content-Type: application/json' \
  -H 'Finix-Version: 2022-02-01' \
  -d '{
    "network_token_enabled": true,
    "address": {
      "city": "San Francisco",
      "country": "USA",
      "line1": "900 Metro Center Blv",
      "postal_code": "94404",
      "region": "CA"
    },
    "expiration_month": 12,
    "expiration_year": 2029,
    "identity": "IDgWxBhfGYLLdkhxx2ddYf9K",
    "name": "John Smith",
    "number": "5200828282828210",
    "security_code": "022",
    "type": "PAYMENT_CARD"
  }'

Option 2: Enabling New Payment Instruments for Network Tokens

To enable new Payment Instruments for Network Tokens, contact your Finix Representative or email support@finix.com. This is a setting that will make it so all new Card Payment Instruments are enabled for Network Tokens

If you would like to include all previously created cards for Network Tokens, please let us know in your request.

You can see if you are enabled for Network Tokens by:

1. Navigating to the Company Page on the Dashboard
2. Clicking on Payment Instrument Settings